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Property profile & analytics
FOR LEASE
Office buildings
42 N 650 W Farmington, UT 84025
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US86-0901897
For Lease
1 / 63
$4,999,999 SF/Yr
42 N 650 W, Farmington, UT 84025
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
17,456 SF
Lot
1.22 ac (53,187 SF)
Zoning code
A
APN
08-087-0177
UPID
US86-0901897
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.05M
Owner & transaction history
Aphia Holdings LLC
Aphia Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
A · Farmington, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+21.1%
Medical building
$2.8M
+21.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,355,000
Current use
COMMERCIAL (GENERAL)
$2,850,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$2,845,000
Change: +21% · Conversion: Easy
RESTAURANT
$2,125,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,477
Tax year 2023
Assessed value
$1,391,189
Assessed 2023
Previous assessed
$1,391,189
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$379,027
Assessed improvement
$1,012,162
Land market value
$689,141
Improvement market value
$1,840,295
Total market value
$2,529,436
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2010
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
17,456 SF
Lot
1.22 ac (53,187 SF)
Zoning code
A
APN
08-087-0177
UPID
US86-0901897
Jurisdiction
DAVIS
Zoning & alternative use
A · Farmington, UT
Zoning A · permitted uses
A · Farmington, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Aphia Holdings LLC
Entity
Mailing address
42 N 650TH W, FARMINGTON, UT 84025-3109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Aphia Holdings LLC
—
Deed
related
$190,506 · Cache Valley Bank
Nov 28, 2022
—
Aphia Holdings LLC
—
Deed
related
$400,000 · Cache Valley Bank
Aug 5, 2019
—
Aphia Holdings LLC
—
Deed
related
$1,008,000 · Brighton Bk
Aug 1, 2018
—
Aphia Holdings LLC
—
Deed
related
$408,344 · Bank Of American Fork
Jun 22, 2015
—
R & T Investments Lc
—
Trustees Deed
related
$600,000 · Bank Of American Fork
—
—
Aphia Holdings LLC
—
Deed Of Trust
related
$1,028,000 · Mountain W Small Busn Fin
—
—
Aphia Holdings LLC
—
Deed Of Trust
related
$1,008,000 · Brighton Bk
—
—
Aphia Holdings LLC
—
Deed Of Trust
related
$510,000 · Bank Of American Fork
—
—
Aphia Holdings LLC
—
Loan Modification
related
$408,344 · Bank Of American Fork
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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